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New Hampshire Passes Regulatory Modernization

The New Hampshire legislature has passed HB 684, an insurance regulatory modernization bill. The bill makes personal lines rate regulation a 30-day file-and-use system, moving...
June 3, 2003

The New Hampshire legislature has passed HB 684, an insurance regulatory modernization bill. The bill makes personal lines rate regulation a 30-day file-and-use system, moving away from a strict prior approval system. It also lowers the definition of an Exempt Commercial Policyholder (ECP) from a $500,000 premium threshold to $100,000 and makes most other commercial lines rate regulation use-and-file. Gov. Craig Benson (R) is expected to be sign the bill into law.